US Dollar Gains Traction: Technical Analysis Points to Potential Bullish Impulse The US Dollar (USD) is showing signs of recovery, hovering around the 103.30 level, with US yields rebounding from Friday's dip. The focus shifts to the upcoming Factory Orders report in the US economic calendar. Despite a recent bearish performance, the USD has regained buying...
Daily/4h time frames analysis for Dollar Index. Trading plan explained. Important key levels. Price action analysis. Trading recommendations. ❤️Please, support this video with like and comment!❤️
Dollar Index is trading within a horizontal trading range on a daily. The price tested the resistance of the range yesterday and formed a doji candle on that. As an extra bearish confirmation, I spotted a double top formation on an hourly time frame. I think that the Index will most likely retrace from the underlined red resistance. Targets: 106.35 /...
DXY is under resistance and may goes down again. Market is waiting for Jackson Hole Symposium, but, its like US Dollar can weak again. Trade safe. Good luck.
Introduction: Traders are often on the lookout for potential opportunities and risks that can impact the forex market. Recently, the credibility of the BRICS alternative currency has come under scrutiny, leading many to wonder if this could fuel a rise in the US Dollar Index (DXY). In this article, we explore current affairs and discuss why traders may consider...
i believe there 2 scenarios for the dollar it can pull back then drop or just drop either its bearish right now trying to find support which i believe its around the 102 level after that little sell off i wouldn't be surprised of a pull back keeping eye on it since dollar has news today so moves could be fast
DXY is in the support zone that used to be a resistance level from January 2017 and March 2020. a resistance level for 3 years. If the 100 -102 support doesn't get broken we are now looking at our new support and the U.S Dollar index can give us another bullish scenario. The new resistance would be September 2022 High 114-115.
Looking at the Weekly timeframe on TVC:DXY we are currently on a strong support area. TVC:DXY isn't showing any signs of reversal back up and with inflation soaring above the sky and powerful allies abandoning the US Dollar for Gold; I can say the recession has just begun! If you're a trader that deals with pairs correlated to the US Dollar; look to enter...
i have been following dxy for about a week and been tracking to the t to help with getting in and out of dxy pairs when this move is ready to go up ill be looking to sell gold and a few other usd pairs like eu
(Opinion) As the monetary policy of the dollar grinds forward in 2023, our last fed meeting left us with Jerome Powell promising us more rate hikes as 2023 moves forward. How realistic is this though? With things like energy, food, and just about anything cost you can think of skyrocketing in price throughout 2022 and continuing to move up in 2023, it really...
DXY (USDOLLAR) has definitely broken out bullishly, its just the question how bullish is it? I think I have found where the bulls want to go. The cancel emoji is the target. This completes the pattern that can be seen with the other cancel emoji and the hand down emoji being in the middle. This is all along the thick white diagonal line which wants to be hit by...
Red dashed line showing a resistance that has recently turned into a support with a strong move upwards Strong green line showing a strong uptrend These come together nicely forming a triangle I expect this to lead to further bullish continuation along the green line as price progresses, as suggested by the green bars pattern
DXY fundamental analysis The dollar tumbled after US consumer inflation data fell more than expected in October. Annual headline inflation ECONOMICS:USIRYY fell to 7.7% in October, from 8.2% the previous month and below the 8% predicted. The core measure of inflation ECONOMICS:USCIR , which excludes volatile energy and food costs, fell to 6.3% from 6.6%,...
Similar Up Channels can be drawn, with the period in the middle being a period of low / no growth Early growth can be used as an indicator of future growth? The horizontal white line is a baseline, very strong support
The federal funds rate was increased by 75 basis points at the FOMC meeting in November to a range of 3.75 and 4%, as widely expected. The press conference of Chairman Jerome Powell was more hawkish than imagined. The Fed Chair remarked that there is still work to be done in terms of rate hikes and that the peak of interest rates would be higher than previously...